Here's How Modi's 'Make In India' Plan Can Revive Manufacturing

BANGALORE: The changing phase that India is witnessing at the moment is being lead rather than dictated by the first citizen of the country, PM Narendra Modi. His elaborate stance to fight corruption, battle economic crisis and the undying patriotism to have India as a leading nation in the world, draws him to his latest initiation of “Make In India”, a plan he stressed on since his speech on August 15.

This ideology that India should export and have the tag “made in India” on products that will be shelved in stores around the world drives Modi.

His visit to America will be a start to this campaign, where he is poised to meet numerous CEOs, companies and industrialists to welcome them into our nation. But with every good idea there is always hurdles that must be overcome and here are some of them with regards to the “Make In India” Plan compiled by iFinance.

Smart Controls: The Indian government has opened the inflow of FDI and also the ease with regards to FDA permission thus the import of mass consumption products like food and electronic goods will need to be controlled more so smartly then physically.

There can be negligence with quality and quantity and this needs close monitoring. Food products are flooding the Indian market this is not really a bad thing but when there is excess and it resorts to quality outcry it will become a problem.

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